Retirement Planning Group LLC NY Buys 1,546 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Retirement Planning Group LLC NY increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 52.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,512 shares of the computer hardware maker’s stock after buying an additional 1,546 shares during the period. Retirement Planning Group LLC NY’s holdings in NVIDIA were worth $489,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tacita Capital Inc acquired a new stake in NVIDIA in the 4th quarter worth about $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the 4th quarter worth about $38,000. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter worth about $50,000. Bruce G. Allen Investments LLC raised its stake in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in NVIDIA in the 4th quarter worth about $54,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 1.8%

NVDA opened at $162.88 on Thursday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $164.42. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market capitalization of $3.97 trillion, a price-to-earnings ratio of 52.54, a PEG ratio of 1.42 and a beta of 2.13. The company’s 50 day moving average price is $139.47 and its two-hundred day moving average price is $128.43.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s dividend payout ratio is currently 1.29%.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $158.35, for a total value of $11,876,250.00. Following the sale, the chief executive officer directly owned 75,023,225 shares of the company’s stock, valued at approximately $11,879,927,678.75. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director A Brooke Seawell sold 50,514 shares of the business’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $158.37, for a total transaction of $7,999,902.18. Following the transaction, the director owned 1,974,784 shares in the company, valued at $312,746,542.08. The trade was a 2.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,296,844 shares of company stock worth $624,019,677. Insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NVDA. Bank of America lifted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Thursday, April 3rd. William Blair restated an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. TD Cowen boosted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.47.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.